Mark Rufeh Purchases Retail Property At 2218 Southwest 22nd Avenue For $2.6M
2218 Southwest 22nd Avenue
$2,600,000
$571/SF
Building Size
4,548 SF
Asset Type
Retail
Closing
Apr 2, 2025
About this deal
AI
The retail property located at 2218 Southwest 22nd Avenue in Miami was sold for $2,600,000. The asset spans a total area of 4,548 square feet, resulting in a price per square foot of $571.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 2218 Southwest 22nd Avenue
- Market: Miami
- Square Footage: 4,548
- Price per Square Foot: $571
- Buyer: Mark Rufeh
- Seller: Joyce M. Freire
- Buyer's Representative: Brigitte Nachtigall & Jorge Boj - Brigitte Nachtigall Properties
- Seller's Representative: Ashleen Cruz & Alessandro Lima - Fausto Commercial Realty Consultants
Mark Rufeh acquired the property from Joyce M. Freire, with the transaction facilitated by Brigitte Nachtigall and Jorge Boj representing the buyer, while Ashleen Cruz and Alessandro Lima represented the seller. This successful transaction highlights the collaboration of the involved parties in the retail market segment.
On the Map
$2,600,000
$571/SF
Retail
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Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93